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Posted 03 October, 2023

GULF RESOURCES, INC. appointed new CEO

CEO Change detected for ticker Nasdaq:GURE in a 8-K filed on 03 October, 2023.


  The Board accepted Mr. Yang's resignation, effective as of the Company's 2023 annual meeting of shareholders, and elected Mr. Xiaobin Liu, Chief Executive Officer of the Company, as Chairman of the Board, effective as of the Company's 2023 annual meeting of shareholders.  

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Overview of GULF RESOURCES, INC.
Basic Materials/Resources • Chemicals
Gulf Resources, Inc. is a holding company that engages in the manufacture of chemical products. It operates through the following segments: Bromine, Crude Salt, Chemical Products, and Natural Gas. It produces and trades bromine, crude salt and natural gas, and manufactures and sells chemical products used in oil and gas field exploration, oil and gas distribution, and oil field drilling. The firm also supplies papermaking chemical agents, inorganic chemicals, and manufactures materials for human and animal antibiotics. The company was founded by Ming Yang on February 28, 1989 and is headquartered in Shouguang, China.
Market Cap
$14.5M
View Company Details
GULF RESOURCES, INC. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On September 28, 2023, Min Yang, the Chairman of the Board of Directors (the "Board") of Gulf Resources, Inc. (the "Company"), informed the Board that he will not stand for re-election when his term expires at the Company's 2023 annual meeting of shareholders to be held on November 30, 2023, and he tendered his resignation as Chairman of the Board effective as of the Company's 2023 annual meeting of shareholders. The Board accepted Mr. Yang's resignation, effective as of the Company's 2023 annual meeting of shareholders, and elected Mr. Xiaobin Liu, Chief Executive Officer of the Company, as Chairman of the Board, effective as of the Company's 2023 annual meeting of shareholders.


On September 28, 2023, Tengfei Zhang, member of the Board, the chair of the Compensation Committee and member of the Nominating and Corporate Governance Committee, of the Company, informed the Board that he will not stand for re-election when his terms expires at the Company's 2023 annual meeting of shareholders, and he tendered his resignation as the chair of the Compensation Committee and member of the Nominating and Corporate Governance Committee. The Board accepted Mr. Zhang's resignation as the chair of the Compensation Committee and member of the Nominating and Corporate Governance Committee, effective as of the Company's 2023 annual meeting of shareholders.